Massachusetts Financial Services Co. MA Has $103.27 Million Stake in Lamar Advertising Company $LAMR

Key Points

• Massachusetts Financial Services cut its stake in Lamar by 23.4%, leaving it with 815,873 shares worth about $103.27 million (roughly 0.81% of the company), while institutional ownership remains high at 93.78%.
• Q4 results missed on EPS ($1.50 vs. $2.18 consensus) but beat on revenue, and the company set FY2026 guidance of 5.720–5.830 EPS versus analysts' average forecast of 7.92, with a consensus rating of "Moderate Buy" and an average price target of $139.80.
• Lamar raised its quarterly dividend to $1.60 (annualized $6.40, yield 4.8%), but the dividend payout ratio is high at 110.92% and the company carries significant leverage (debt-to-equity ~3.10), posing potential sustainability risks.

Massachusetts Financial Services Co. MA decreased its stake in shares of Lamar Advertising Company (NASDAQ:LAMR - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 815,873 shares of the real estate investment trust's stock after selling 248,568 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.81% of Lamar Advertising worth $103,273,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of LAMR. AQR Capital Management LLC grew its position in shares of Lamar Advertising by 123.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,475,525 shares of the real estate investment trust's stock worth $177,152,000 after buying an additional 816,217 shares during the period. Egerton Capital UK LLP acquired a new stake in shares of Lamar Advertising during the 3rd quarter worth approximately $88,615,000. Invesco Ltd. grew its position in shares of Lamar Advertising by 97.8% during the 3rd quarter. Invesco Ltd. now owns 991,990 shares of the real estate investment trust's stock worth $121,439,000 after buying an additional 490,463 shares during the period. Northern Trust Corp grew its position in shares of Lamar Advertising by 23.9% during the 3rd quarter. Northern Trust Corp now owns 1,629,554 shares of the real estate investment trust's stock worth $199,490,000 after buying an additional 314,235 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Lamar Advertising during the 3rd quarter worth approximately $22,262,000. Institutional investors and hedge funds own 93.78% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on LAMR. Weiss Ratings raised shares of Lamar Advertising from a "hold (c+)" rating to a "buy (b)" rating in a research report on Monday, February 23rd. TD Cowen reiterated a "buy" rating on shares of Lamar Advertising in a report on Monday, February 23rd. UBS Group set a $150.00 target price on Lamar Advertising in a report on Monday, February 23rd. Wells Fargo & Company increased their target price on Lamar Advertising from $121.00 to $136.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 24th. Finally, Morgan Stanley set a $140.00 target price on shares of Lamar Advertising in a report on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $139.80.

Lamar Advertising Trading Down 0.4%

NASDAQ LAMR opened at $132.92 on Tuesday. The firm has a market capitalization of $13.47 billion, a P/E ratio of 23.04 and a beta of 1.20. The business has a fifty day simple moving average of $131.80 and a 200 day simple moving average of $128.08. Lamar Advertising Company has a 12 month low of $105.78 and a 12 month high of $139.76. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 3.10.

Lamar Advertising (NASDAQ:LAMR - Get Free Report) last posted its quarterly earnings results on Friday, February 20th. The real estate investment trust reported $1.50 earnings per share for the quarter, missing the consensus estimate of $2.18 by ($0.68). The firm had revenue of $595.93 million for the quarter, compared to the consensus estimate of $592.70 million. Lamar Advertising had a return on equity of 58.58% and a net margin of 25.91%.Lamar Advertising has set its FY 2026 guidance at 5.720-5.830 EPS. On average, analysts predict that Lamar Advertising Company will post 7.92 EPS for the current fiscal year.

Lamar Advertising Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Monday, March 16th. This is a positive change from Lamar Advertising's previous quarterly dividend of $1.55. Lamar Advertising's dividend payout ratio is currently 110.92%.

Insider Buying and Selling at Lamar Advertising

In other news, EVP Ross Lamar Reilly sold 5,969 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $128.65, for a total transaction of $767,911.85. Following the completion of the transaction, the executive vice president owned 15,850 shares in the company, valued at approximately $2,039,102.50. This represents a 27.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 15.24% of the company's stock.

About Lamar Advertising

Lamar Advertising Company NASDAQ: LAMR is one of North America's largest outdoor advertising firms, specializing in out-of-home media solutions. Since its founding in 1902, the company has grown through a combination of organic expansion and strategic acquisitions to offer a broad portfolio of advertising products. Its core business centers on billboard advertising, encompassing traditional static billboards and a rapidly expanding network of digital displays. These assets enable advertisers to reach consumers with high-impact messaging along highways, in urban centers, and at high-traffic intersections.

In addition to highway billboards, Lamar offers a variety of supplemental out-of-home formats, including transit advertising on buses and shelters, and logo signage at travel plazas and gas stations.

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